The Greek government will have more room for manoeuvre.
(Photo: imago/Panthermedia)
Athens With the end of the strict financial control (“enhanced surveillance”), the Greek government will have more room for maneuver from next week. Economic and financial policy will then no longer be made in Brussels, but in Athens – albeit within the framework of the EU stability requirements.
The Commission is thus drawing a formal line under the debt crisis that brought the country to the brink of default in spring 2010. Greece was saved with the largest loan program in international financial history.
Nobody is talking about “Grexit” anymore, Greece leaving the currency union. But the consequences of the crisis are far from over.
“After twelve years, a difficult chapter for our nation is coming to an end,” commented Finance Minister Christos Staikouras on the end of the Kuratel. The monitoring procedure provided for quarterly reviews of the country’s economic situation and the implementation of the reform agenda. This monitoring should help to identify and correct possible undesirable developments at an early stage.
Top jobs of the day
Find the best jobs now and
be notified by email.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue